Page 32 - Latest Updates on Shaktikanta Das
RBI says 75% of rise in inflation projection for FY23 due to food
RBI Governor Shaktikanta Das, while estimating India's overall retail inflation for FY23 at 6.7%, said that the 75% of the increase in inflation projections can be attributed to the food group.
 "RBI says 75% of rise in inflation projection for FY23 due to food")
RBI strikes good balance between inflation and growth: Experts on rate hike
All the measures, including banking tweaks, to promote affordable housing seem to be unorthodox and practical, with the RBI playing its central bank role almost perfectly, says Finology Ventures CEO
Further cut in state VAT on fuels can soften inflationary pressure: RBI Guv
Das said in his remarks while spelling out the outcome of the ongoing monetary policy review meeting that started on Monday.
 "Further cut in state VAT on fuels can soften inflationary pressure: RBI Guv")
RBI rate hike may see rate sensitive stocks bottom out. Time to buy?
Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.
 "RBI rate hike may see rate sensitive stocks bottom out. Time to buy?")
RBI policy: From rate hike to inflation worries, here are 5 key takeaways
The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.
 "RBI policy: From rate hike to inflation worries, here are 5 key takeaways")
RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters
Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%
 "RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters")
RBI Monetary Policy meet: Here's what transpired in the last 8 meetings
The Central bank's MPC meet comes in the backdrop of high inflationary concerns and evolving geo-political scenarios, including Russia's invasion of Ukraine
 "RBI Monetary Policy meet: Here's what transpired in the last 8 meetings")
Liquidity withdrawal expected as RBI set to hikes rates on Wednesday
RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth
RBI's MPC starts 3-day deliberations amid speculation of rate hike
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle MPC meeting
Another rate hike on cards, say experts ahead of RBI's MPC meeting
Reserve Bank is likely to increase the benchmark lending rate in quick succession in monetary policy review for which has already been given by Governor Shaktikanta Das, opined experts.
 "Another rate hike on cards, say experts ahead of RBI's MPC meeting")
RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays
The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, which is way above the upper end of its tolerance band of 2-6 per cent, the economists at Barclays said
 "RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays")
Should central bankers consider pitfalls of making declarative statements?
In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility
 "Should central bankers consider pitfalls of making declarative statements?")
A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June
Says have entered another phase of 'coordinated action' between fiscal and monetary authorities
Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session
 "Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike")
Expectation of rate hike in June 'a no-brainer', says RBI Governor
Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation
 "Expectation of rate hike in June 'a no-brainer', says RBI Governor")
Govt likely to stick to fiscal deficit target, says RBI Governor Das
Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June
Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das
The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June
 "Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das")
MPC members argued for front-loading rate hikes in view of inflation
External member Jayanth Varma said 100 bps rate hike required 'very soon'
 "MPC members argued for front-loading rate hikes in view of inflation")
Remain watchful of recent geo-political developments: RBI Governor to banks
Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have
RBI opted for off-cycle rate hike to avoid tougher action in June: Das
The MPC 's external member Jayanth R Varma opined that more than 100 basis points of rate increases needs to be carried out very soon